Litecoin (LTC or Ł[1]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[2]Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[2][3]While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network.[4]These effectively allow a greater amount of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin.[5]Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.[6]Contents 1 2 3 4 5 6 Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a former Google employee.It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[7]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[8]Litecoin reached a $1 billion marketcap in November 2013.[9]As of May 9, 2017, its market capitalization is US$1,542,657,077 at around $30 per coin.[10][11]bitcoin angel investmentIn May 2017, Litecoin became the first of the top-5 (by market cap) cryptocurrencies to adopt Segregated Witness.[12]bitcoin evil dataLater in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.[13]bitcoin halifaxLitecoin version 0.8.5.1 was released in November 2013.bitcoin kaufen in der schweiz

The release included fixes for vulnerabilities and added enhanced security to the Litecoin network.The Litecoin developer team released version 0.8.6.1 in early December 2013.The new version offered a 20x reduction in transaction fees, along with other security and performance improvements in the client and network.first bitcoin atm canadaThe source code and binaries were released early to people in the "#litecoin" IRC channel, on the official Litecoin forums, and on Reddit, with information for power users to add a Litecoin supernode to the configuration file, while the main site was to be updated after enough of the network was running the new version.bitcoin federal reserve paperThis release method was used to ensure that the low fee transactions from version 0.8.6.1 clients would not be delayed by clients running older versions.bitcoin cambio a dolar

In April 2014, a new version of Litecoin was released, version 0.8.7.1, which fixed some minor issues along with an important fix related to the Heartbleed security bug.Litecoin offers three key differences from Bitcoin.The original intended purpose of using Scrypt was to allow miners to mine both Bitcoin and Litecoin at the same time.bitcoin london cafeThe choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners.buy litecoin in euroDue to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[16]This is widely due to the Scrypt hashing scheme being more memory intensive; increasing memory requirements for ASICs and FPGAs.^ ^ a b c ^ ^ ^ ^ ^ ^ ^ ^ /currencies/litecoin/ ^ ^ /Blockstream/status/862420329888595969 ^ ^ ^ ^ Cryptography portal Economics portal Free software portal Internet portal Numismatics portal

For the release notes please see the git repository: /litecoin-project/litecoin/blob/v0.13.2.1/doc/release-notes-litecoin.md Source code (zip) Source code (tar.gz) For the release notes please see the git repository: /litecoin-project/litecoin/blob/v0.13.2/doc/release-notes-litecoin.md Source code (zip) Source code (tar.gz) Next You signed in with another tab or window.Reload to refresh your session.You signed out in another tab or window.At the time of the writing of this blog post, SegWit is slated to activate on Litecoin within the next two weeks.As the lead developers of lnd this is extremely exciting for us!The activation of SegWit on Litecoin will serve as a proving and hardening ground for the Lightning Network until segwit activates on Bitcoin’s mainnet.And as Litecoin is very similar to Bitcoin, we can redirect our pre-production development efforts to Litecoin’s testnet without loss of generality for our ultimate launch on Bitcoin’s mainnet.

The eventual activation of segwit on Litecoin has many Layer 2 protocol developers modifying their codebases and testing infrastructure to target a preliminary launch on Litecoin.Similarly, we are also extremely excited at the prospect of an initial production run of Lightning on Litecoin!The activation of segwit on Litecoin allows us to deploy Lightning on an active production blockchain.With our ultimate launch, we’ll be able to examine monetary incentives within the network, observe the emergent properties of the networks’ channel graph, and see the rise of production services and applications built on top of the network.In this post, we’re announcing the (simultaneous) support for Litecoin’s new testnet within lnd, review the additional software infrastructure we built to make the shift possible, and provide a brief peek into a Lightning Network that spans multiple blockchains.As a bit of necessary infrastructure for lnd's support of Litecoin’s new testnet4, in collaboration with the Litecoin Developers, we’ve forked btcd for Litecoin, creating ltcd!

ltcd is a independent full-node implementation of Litecoin which includes full support for the CSV and SegWit soft forks.Anyone is now able to use ltcd to interact with Litecoin’s testnet4 network, supported by the excellent software infrastructure and libraries originally developed by btcsuite.Users of btcd will be familiar with the btcctl command-line tool which serves as the control plan for their btcd instance.Similar to btcd, ltcd provides the ltcctl command-line tool complete with identical functionality: $ ltcctl --testnet getinfo { "version": 120000, "protocolversion": 70002, "blocks": 49146, "timeoffset": 0, "connections": 5, "proxy": "", "difficulty": 21.07561353, "testnet": true, "relayfee": 0.00001, "errors": "" } In collaboration with the Litecoin developer community, we’ll continue to maintain ltcd as a fully independent implementation of Litecoin closely following the improvements to the mainline btcd.

The creation of ltcd was required to add support for Litecoin to lnd as btcd's websockets interface is currently the only concrete supported backend for lnd.With ltcd created, adding Litecoin support to lnd was relatively straightforward.However, lnd wasn’t modified to only support Litecoin.Instead, the necessary scaffolding was added to lnd to allow it to (in the future) concurrently support multiple chains.At the time of the writing of this blog post, two chains are currently supported by lnd: Bitcoin and Litecoin.As a result of the slight internal modification, the configuration of lnd has changed a bit.Previously, one was able to start lnd on Bitcoin’s testnet with the following command: However, with lnd’s new multi-chain awareness, users will now need to explicitly specify which chain lnd should run on: Within lnds configuration file (lnd.conf), two new “groups” have been added, dedicated to the configuration of parameters for the two chains currently supported.

As an example, here’s a valid configuration file which specifies chain-parameters for Litecoin: To change an lnd node to instead be a member of the Lightning Network on Bitcoin’s testnet, the configuration file would be modified as so: Additionally, the getinfo command of lncli has been modified to indicate which chain lnd is currently resident on: $ lncli getinfo { "identity_pubkey": "03cf20bbc6d29b43969fb444c7af2e50c9228872d820fff8a9548a8974206980a5", "alias": "", "num_pending_channels": 0, "num_active_channels": 1, "num_peers": 1, "block_height": 48992, "block_hash": "de77e5a059bc6d15a5a61f58c899f15806a700990991323ac9c18a8e7a2e98e7", "synced_to_chain": true, "testnet": true, "chains": [ "litecoin" <--- new field!!] } lnd is able to dynamically switch between the two networks with a simple configuration change, and a restart of the daemon.Running on Litecoin will require an active ltcd instance running, whilst for Bitcoin, an active btcd instance must be running.

This new chain-selection feature is now active within the master branch of lnd.An upcoming major release of lnd will include this new feature (and many more!)packaged within our normal signed releases.In order to faciltate the testing of lnd of Litecoin by both develoeprs and users, we’ve created another channel faucet dedicated to Litecion’s latest testnet.The Litecoin Testnet Channel Faucet can be found here: munity.The source code of the faucet has also been updated to be able to toggle either Bitcoin or Litecoin.We encourage users of lnd to try out the experience on Litecoin.The faster block times ease testing and development a bit as scenarios such as opening, closing or force closing a channel are carried out much more quickly on Litecoin’s testnet compared to Bitcoin’s testnet.The latest version of lnd resident in the master branch has been restricted to only support a single chain at a time.In an upcoming release of lnd, we’ll enable lnd to be fully multi-chain aware.